...July 18, 2025 ENGLEWOOD (S&P Global Ratings) July 18, 2025--S&P Global Ratings assigned its '##/A-1' dual rating to King County, Wash.'s anticipated $200 million 2025 series junior-lien sewer revenue bonds, issued for the county's wastewater treatment division (WTD). S&P Global Ratings also affirmed its '##+' long-term rating on the county's existing parity lien sewer revenue bonds, and its '##' long-term rating and underlying rating (SPUR) on the county's existing junior-lien sewer revenue bonds. The outlook, where applicable, is stable. "The 'A-1' short-term component of the rating reflects the short-term rating on US Bank, N.A., which is providing an enhancement for the bonds in the form of an SBPA effective from July 18, 2025," said S&P Global Ratings credit analyst Malcolm D'Silva. "The long-term rating reflects the general creditworthiness of King County's WTD, which provides wholesale wastewater treatment to more than 30 cities and communities in the Puget Sound area," he added....
